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BBC Monitoring Service: Shell to invest at least 100m dollars in Ukrainian oil fields

Ukrhazvydobuvannya, which is a subsidiary of the Naftohaz Ukrayiny national oil and gas company, and Shell have signed an agreement on the development of oil and gas fields in Ukraine, Interfax-Ukraine reported on 8 June, quoting the press service of Ukrainian President Viktor Yushchenko.

According to the document, which was signed during a meeting between Yushchenko and Shell representatives in the Hague, Shell will invest 100m dollars in the project at the first stage, the agency said.

“We are interested in Shell’s serious presence in Ukraine,” Interfax-Ukraine has quoted Yushchenko as saying.

Source: Interfax-Ukraine news agency, Kiev, in Russian 0915 gmt 8 Jun 06

BBC Monitoring
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